CLSA opens equity dark pool
The new equity crossing engine called BlocSec kicks off in Japan and Singapore in May, with Hong Kong, Korea and Australia to follow.
CLSA has announced plans to launch a new crossing engine in mid-May. This latest provider of dark liquidity, or liquidity that is not displayed on order books, is named BlocSec and is wholly owned by CLSA.
Based in Singapore, BlocSec opens in mid-May in Japan and Singapore, with Hong Kong following one week later. Korea and Australia are due to join later in 2008. CLSA will also provide ancillary clearing and settlement as well as assuming intra-counterparty...
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